GTOQ Fees and Costs — Invesco High Yield Bond Factor ETF
Data updated: 2026-09-29
The net expense ratio is 0.39%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0029% of average net assets, and portfolio turnover was 70%.
GTOQ Fees and Expenses
Annual operating expenses and sales charges of GTOQ. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GTOQ Costs Over Time
On $10,000 invested in GTOQ, assuming 5% a year before costs, total costs come to $249 over 5 years, cutting the return by 0.41% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $136 | $249 |
| Value after costs | $10,459 | $11,440 | $12,514 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
GTOQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0029%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $192.9M
- Portfolio turnover (prospectus): 70%
- Securities on loan, average value: $16.3M
- Net income from securities lending: $72K (0.104% of average net assets)
GTOQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $2K | 99.62% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $8 | 0.38% |
GTOQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $77.8M | 43.45% |
| BNY MELLON CAPITAL MARKETS, LLC | $25.6M | 14.32% |
| JEFFERIES LLC | $20.5M | 11.45% |
| JANE STREET EXECUTION SERVICES, LLC | $16.7M | 9.32% |
| JANE STREET CAPITAL, LLC | $15.9M | 8.90% |
| GOLDMAN, SACHS & CO. | $6.6M | 3.68% |
| CITIGROUP GLOBAL MARKETS INC. | $4.6M | 2.56% |
| BARCLAYS CAPITAL INC. | $4.4M | 2.47% |
| BOFA SECURITIES, INC. | $4.2M | 2.32% |
| OLD MISSION MARKETS LLC | $2.8M | 1.54% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.